SINGTEL N.EUROPEAN INTERESTS EXPECTED TO GO

Singapore Telecommunications Ltd’s investment in Belgacom NV is expected to survive, but its 19.7% stake in Norwegian cellular telecommunications firm NetCom GSM A/S, its 9% stake in General Cable Plc, and investments in Swedish cable television operator Stjarn TV are up in the air after it decided to concentrate on the Asia-Pacific region.

Singapore Telecommunications Ltd’s investment in Belgacom NV is expected to survive, but its 19.7% stake in Norwegian cellular telecommunications firm NetCom GSM A/S, its 9% stake in General Cable Plc, and investments in Swedish cable television operator Stjarn TV are up in the air after it decided to concentrate on the Asia-Pacific region.